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efta-efta01449255DOJ Data Set 10CorrespondenceEFTA Document EFTA01449255
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28 February 2013
Exchange Rate Perspectives
Deutsche Bank a
Table of Contents
Currency Forecasts
3
The Big Picture:
The Dollar Is Back
5
Monitors:
G10 FX Valuation Monitor: Lines in the sand
12
Capital Flows and Basic Balances
18
Commodity Prices and Currencies
28
U.S. Trade Balance
33
Central Bank Reserves Currency Composition Monitor
41
Page 2
Deutsche Bank AG/London
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0104590
CONFIDENTIAL
SDNY_GM_00250774
EFTA01449255
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